WaFd (WAFD) Q3 2026 Earnings Beat: EPS and Revenue Top Estimates
As seen on the 24/7 Wall St. homepage on July 17, 2026.
WaFd cleared both top and bottom line estimates as active loan portfolios grew 10.4% annualized and the bank squeezed its efficiency ratio to 53.7%, signaling disciplined expense management. CEO Brent Beardall flagged 15% year-over-year EPS growth and a 11% return on tangible common equity, while the stock is up 19% since March.
Continue ReadingShow less
WaFd reported Q3 2026 earnings per share of $0.84, coming in about 3% above the Wall Street estimate of $0.815, while revenue of $205.5 million cleared the $199.9 million consensus by roughly 2.8%. The double beat was built on tangible operating momentum: active loan portfolios grew at a 10.4% annualized pace, and the bank brought its efficiency ratio down to 53.7%, a level that points to tighter control over non-interest expenses relative to revenue.
CEO Brent Beardall highlighted two headline metrics in the filing — year-over-year EPS growth of 15% and a return on tangible common equity of 11%. Those figures matter because they speak to the bank's ability to compound earnings and generate returns above its cost of capital, not just to beat a quarterly estimate.
Disclosure
*$149 for two years (or $1.43 per week) is an introductory promotion for new members only. 62% discount based on the current list price of Stock Advisor of $199/year. Membership will renew at the then-current list price at the end of the membership term. Stock Advisor returns are 930% as compared to the S&P 500 returns of 185% as of April 7, 2026.
The same investor newsletter that told subscribers to buy Amazon in 2002, Netflix in 2004, and Nvidia in 2005 still publishes two new stock picks every month. Over 23 years, Motley Fool's Stock Advisor has more than quadrupled the S&P 500. New members get this month's picks, the Top 10 Rankings, and a 30-day money-back guarantee. Click here to unlock their next top stocks while new members are still being accepted.
The market has been rewarding WaFd's improving fundamentals well ahead of this print: shares have risen 19% since March. Investors will now be watching whether the loan-growth trajectory holds and whether the efficiency ratio can be sustained or improved as the rate environment continues to shift.